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BitcoinSistemi 2025-07-14 20:35:06

Renowned Analyst Katie Stockton Announces New Bitcoin Price Target

Renowned Analyst Katie Stockton Announces New Bitcoin Price Target

According to renowned technical analyst Katie Stockton, Bitcoin has reaffirmed both cyclical and long-term uptrends by breaking out to new highs. According to the analyst, this rise is seen as a positive development from a technical perspective as the resistance levels have been broken and it points to the potential for a moderate rise for Bitcoin to around $134,500 in the medium term. Weekly MACD data suggests continued positive momentum in the intermediate term, while stochastic indicators also support a near-term uptrend. Bitcoin's new support level is currently around $108,300, which previously served as resistance. Related News: The Most Talked About Altcoin of the Last Days Finally Launches - Here's the First Price This surge in the cryptocurrency market wasn't limited to Bitcoin; stocks with exposure to cryptocurrencies also experienced similar momentum. Many of these stocks exhibit a strong positive correlation of over 60% with Bitcoin. Among the most notable are MicroStrategy (MSTR) and Coinbase (COIN), which have seen significant gains alongside Bitcoin. Stockton notes that such technical breakouts typically trigger long-term uptrends after a brief period of consolidation. A similar example of a “golden cross” in Bitcoin in November 2024 supported a strong rally that followed a several-week correction. *This is not investment advice. Continue Reading: Renowned Analyst Katie Stockton Announces New Bitcoin Price Target

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